Costing Analyst - Global Manufacturing Join a thriving industry innovator with a global manufacturing footprint. Our client is experiencing remarkable growth and expansion in international markets, with state-of-the-art facilities in Mexico and China. As part of their strategic vision to optimize operations and drive profitability, they're seeking a talented Costing Analyst to join their dynamic Commercial Vehicle Products business unit. This is an exceptional opportunity to make a significant impact within an organization that values analytical excellence and continuous improvement in a fast-paced global environment.
Basic Function: The Cost Analyst position is accountable for the ongoing analysis of process constraints, target costing projects, margin analysis, and tracing costs back to underlying activities. The Cost Analyst must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.
Responsibilities: - Determine standard costs and investigate variances with actual costs
- Lead the annual standard cost-roll process
- Review, analyze, update and validate standard cost including bill of materials with deep understanding of the labor and overhead
- Evaluate standard and actual costs for inaccuracies
- Measure, monitor and analyze cost reduction projects as compared to expectations
- Analyze material usage variances, purchase price variances, scrap and inventory evaluation actual vs forecast in support of month-end closing activities
- Investigate cycle count variances and resolve inventory adjustments
- Work on special financial projects as required
Requirements: - Bachelor's degree in accounting, finance or equivalent
- 5+ years experience with manufacturing companies in positions with responsibility in areas such as cost accounting, profitability analysis and manufacturing cost reductions
- Understanding of manufacturing standard cost accounting and inventory valuation
- Demonstrated proficiency in accessing information from ERP systems; JD Edwards and SAP knowledge required
- Proficiency in Excel for modeling and analysis
- Experience in partnering with operations to develop and implement cost reduction plans
- Knowledge of GAAP